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Get injury lawyer help now for many of the following injury issues.

Injury lawyers that are experienced in representing catastrophic injuries include things such as brain injuries, spinal cord injuries, eye injuries, neurological disorders, severe burns, accidental amputation, and multiple fractures. Victims of catastrophic injuries may suffer from a loss of movement or sensation. They may lose their ability to communicate or have impaired cognitive abilities.

The catastrophic injury may adversely impact the victim's respiration or circulation. Other body systems such as the gastrointestinal system and the urinary system may also be negatively affected by these injuries.

Managing catastrophic injuries can be complicated and require the assistance of a multitude of healthcare professionals. Victims may require the services of healthcare professionals such as physicians, nurses, counselors, and therapists. The long-term costs of services such as these can be astronomical, and most victims are not financially prepared to meet these expenses. A catastrophic injuries attorney can help victims ensure they receive the monetary damages they deserve.

MSR Hotels & Resorts Inc., the real estate investment trust (REIT) that is a part of billionaire investor John Paulson’s hedge fund, has filed a Chapter 11 petition in the Manhattan Bankruptcy Court in a bid to escape liability arising out of a lawsuit filed against MSR executives by a lender.

The dispute dates back to the 2011 bankruptcy sale of five of MSR’s resorts. The Doral golf course in Miami was sold to Donald Trump, while the other four resorts (Biltmore in Phoenix, Grand Wailea in Maui, and La Quinta and Claremont in California) were sold to one of the creditors – the Singapore’s government’s sovereign wealth fund, for $1.5 billion in what was a court-sanctioned bankruptcy sale.

Five Mile Capital Partners LLC, a lender which has provided a $50 million mezzanine loan to an MSR affiliate, objected to the sale because intellectual property related to the resorts was held separately by MSR, which was not a part of the bankruptcy at that time. These assets were therefore retained by MSR while its subsidiaries, which held the resorts sold them off through bankruptcy, but without the accompanying intellectual property.

The deal was therefore less valuable than it would otherwise have been, but the bankruptcy court judge at that time overruled Five Mile’s objections and allowed the sale to proceed. Five Mile subsequently filed a civil lawsuit against three MSR executives for a conflict of interest.

Five Mile alleged that the defendants were directors for both MSR and the subsidiaries, and the separation of the intellectual property from the resorts during the sale was not in the best interests of the subsidiaries at that time.
In order to avoid repaying the $58.7 million loan with interest and an additional $100 million for breach of fiduciary duty that Five Mile is asking for, MSR filed for Chapter 11 to liquidate the remaining assets and wind down its operations. MSR has also filed a motion asking the bankruptcy court to dismiss Five Mile’s lawsuit.

Did you know?Ongoing civil litigation can be frozen through a bankruptcy filing.
Individuals or companies seeking to escape legal liabilities may file for bankruptcy protection, which will at the very least delay further proceedings in the legal matter. It may even be able to eliminate the debt associated with legal awards or settlements.

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